Constellation is getting nuclear into the clean energy credits game

Starting on December 2, Constellation will offer certificates based on power generated from its plants in the PJM Interconnection, the nation’s largest grid system, on Xpansiv’s CBL market, the largest carbon spot exchange in the world.

Xpansiv will also roll out hourly EFECs that provide full lifecycle traceability for issuance to retirement on its North American Renewables Registry, the largest exchange of its kind, encompassing nearly 90 gigawatts of projects.

…In the past, nuclear power “wasn’t in a growth phase here in the U.S.,” said Xpansiv CEO John Melby.

“That’s really changed, and you see plants being uprated, staying online for longer, and new ones being proposed. Our credits create a mechanism for those entities to be funded, get price certainty, and on the other side, for a buyer to be able to credibly show that it’s moving toward lower emissions energy supply.”